Hints and tips:
...In a note over the weekend, Morgan Stanley’s Seth Carpenter called that episode a “cautionary tale”. But equally, it is possible to put off cuts for too long, as the Fed did in 2007....
...The challenge to mutual fund dominance has been brewing since State Street launched the very first US ETF in 1993, an S&P 500 tracking fund known as SPY that now has $500bn in assets....
..., and by joiners, carpenters, electricians and plumbers from Bell Interiors....
...Still, broader equity markets were uneven, as the gains among banks were partially offset by a decline in tech stocks that left the blue-chip S&P 500 index up 0.2 per cent and the Nasdaq Composite down 0.5...
...On one hand they have a balance sheet and a P&L like anyone else, and right now they’re not looking great....
...S&P currently rates it below that level....
...Chief risk officer Rodney Sunada-Wong sought to remove inaccuracies and misleading statements from Mashinsky’s YouTube broadcasts....
...“I think the schemes are scared [of account-to-account payments],” said Rodney Bain, co-founder and US president of payments fintech APEXX Global....
...S&P analysts tracked a total of 29 US fintech deals worth a little over $5bn in August, after recording less than $1bn in deals in June and July combined....
...The benchmark S&P 500 index fell 2.5 per cent on Thursday on the back of hawkish noises coming out of the ECB....
...That sent US stocks soaring, with the S&P 500 and technology-heavy Nasdaq Composite both closing roughly 3 per cent higher....
...Financial markets took the Fed’s more assertive posture in their stride, with the S&P 500 stock index advancing 1.6 per cent and the technology-heavy Nasdaq Composite notching a gain of 2.2 per cent....
...But genial rapper Rodney P makes a good case, care of BBC4, for jazz funk as a defiantly British riposte to the American soul juggernaut of the 1970s....
...British menswear label SMR Days has a wonderful embroidered option in faded cobalt cotton (£325, smrdays.com), while for something a little warmer, Italian brand Aspesi and Mr Porter’s in-house label Mr P...
...That is ahead of the 4 per cent rise in the S&P 500, but behind the share price growth at rival insurance brokers Aon and Willis Towers Watson, according to data from S&P Global Market Intelligence....
...Seth Carpenter, chief US economist at UBS, said Mr Powell had “spent some time emphasising that if things are softer, [the central bank] would do more”. “I think that was helpful,” he added....
...The S&P also finished 1992 in positive territory after riots following the acquittal of Los Angeles police officers who had beaten Rodney King, another black man....
...Jeffrey Epstein: Filthy Rich (Netflix): “It’s horrific, but you absolutely should watch it if you can stomach it.” — Kerri McEvoy, London, via Instagram The Death and Life of Marsha P Johnson (Netflix)...
...Still, Seth Carpenter, chief US economist at UBS and a former US Treasury official, said it may have been more dangerous for the Fed to wait for greater economic fallout....
...Carpenter film....
...The S&P 500 is down 4.2 per cent since its April 30 peak....
...The company was also making “good progress in the US with gains in overall market share,” Rodney Sacks, chief executive, told analysts in a Q&A following the company’s annual meeting on Thursday....
...By mid-afternoon, the S&P 500 was down as much as 2 per cent....
...S&P 500 futures notched a 0.6 per cent rise while the dollar index, a measure of the greenback against a basket of peers, was down 0.3 per cent....
...“He led you right up to that conclusion without going there,” says Seth Carpenter, chief US economist at UBS who worked with Mr Powell at the Fed and US Treasury....
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